Colombia Consumer Confidence

Colombia

Colombia: Consumer confidence remains high in July

August 15, 2014

The Fedesarrollo consumer sentiment index inched up from 26.6 points in June to 26.7 points in July, reaching the highest value in 13 months. As a result, the index is now further above the 0-point threshold that separates optimistic from pessimistic territory.

The marginal monthly increase reflected that an improvement in consumers’ assessment regarding their current economic conditions slightly offset a deterioration in their expectations for their future economic situations. While consumers were more willing to purchase large-ticket items and they assessed their own economic situation more positively than last month, their expectations on the general economic conditions during the next year worsened.

LatinFocus Consensus Forecast participants expect total consumption to expand 4.8% in 2014, which is up 0.1 percentage points from last month’s forecast. For 2015, the panel expects total consumption to increase 4.5%.


Author: Teresa Kersting, Economist

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Colombia Consumer Confidence July 2014

Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Source: Fedesarrollo.


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